Wealthy Crypto Investors Favor Bitcoin, Ethereum as Altcoins Hit Extreme Oversold Levels

Wealthy crypto investors are concentrating their exposure in major assets such as Bitcoin (BTC), Ethereum (ETH), and XRP (XRP), even as a separate pocket of the altcoin market sinks into ‘extreme oversold’ territory, according to a fresh snapshot of portfolio positioning and technical indicators released Sunday ET.

The split highlights a familiar late-cycle dynamic: capital seeking relative safety and ‘liquidity depth’ in large-cap tokens, while thinner names experience sharper drawdowns that can push momentum gauges to unusually depressed levels.

Based on portfolio data as of Saturday ET…  Read more

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